FREQUENTLY ASKED QUESTION ABOUT GUILDANCE COMMUNITY DEVELOPMENT FOUNDATION NON INTEREST BEARING LOAN
The model in use is non-profit/interest. You can only borrow from Guildance Community Development Foundation after your membership.
The waiting period varies but it can happen between three to six months (3-6 months) because of documentation, studying of character of member (saving culture) and meeting other requirements.
Guildance Community Development Foundation is a charity organization registered under part ‘C’ of Corporate Affairs Commission. We are interested in the betterment and good living of the members.
The standard repayment period is 10 equal instalments though depending on the purpose of loan.
Our operating expenses are covered through registration fees (N5,800.00), loan application form (from N2,000.00 ) and monthly development levy of N300.00.
Yes we are into partnership with some international organizations and banks in Nigeria.
Sure you can organize group provided you are up to 10 (ten) in number.
Our entrepreneurship development model, business development concept free consultancy services among others are second to none.
You are allow to save your money even when there is no intention to borrow now or in future.
There is provision for endowment and well-wisher can donate to our endowment account.
Volunteers are welcome, you can only advertise after the approval of the management. Intention to volunteer can be directed to: guildanceforever@yahoo.com, with copy to adisakabiru@yahoo.co.uk, info@guildance.org
You can visit: www.guildance.org or visit our office at:
Beside Al-Haq Nursery and Primary School,
Mama Ke Street, Academy Bus Stop,
Iwo Road, Ibadan,Oyo State,Nigeria.
or call 08057783260